BOJ Kuroda: Won't hesitate to adjust policy when there are changes in trend inflation

FXStreet (Bali) - Comments from Bank of Japan Governor Kuroda are crossing the wires, via Reuters, noting that BOJ won't hesitate to adjust policy when there are changes in trend inflation.

Main headlines

Oil price falls, government's stimulus package to help keep Japan's economy on moderate recovery trend

BOJ will not respond to oil prices themselves but will monitor how they affect inflation expectations

2 pct inflation likely to be achieved around Fiscal year 2015 assuming oil prices rise moderately
More:

It was important to attach time frame for hitting BOJ's target given unique situation facing Japan

To push inflation to 2 pct, we needed to have speed and momentum to change people's expectations

There's no single measurement that appropriately reflects price trend

Japan making steady progress in wiping our deflationary mindset

BOJ was able to prevent delay in eliminating mindset with its October easing

2 pct inflation likely to be in sight once effect of oil price falls disappears

BOJ won't hesitate to adjust policy when there are changes in trend inflation